The Social Security Rate in Portugal stands at 34.75 percent.

Social Security Rate in Portugal averaged 33.71 percent from 1981 until 2019, reaching an all time high of 35.50 percent in 1990 and a record low of 10.50 percent in 1981. This page provides - Portugal Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Portugal Social Security Rate - values, historical data and charts - was last updated on June of 2020.

Social Security Rate in Portugal is expected to reach 34.75 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Portugal Social Security Rate is projected to trend around 34.75 percent in 2021, according to our econometric models.

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In Portugal, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of Portugal because they help to pay for many social programs including welfare, health care and many other benefits.